Is the global financial system safer?
I admit “is the global financial system safer” is a trick question. Answering it requires two pieces of knowledge: what are the... Read More
Volcker highlights needs for the Initiative
Paul Volcker unveiled his contribution to further financial legislation, also known as Dodd-Frank 2.0, with his Reshaping the Financial Regulatory System. In... Read More
Dodd-Frank 2.0: reforming regulatory structure
In an interesting speech, Senator Elizabeth Warren throws down the gauntlet and calls for reform of the financial regulatory structure that was... Read More
Paul Volcker and meaningful financial reform
In a Washington Post editorial, Paul Volcker laid out why meaningful reform of the financial regulatory structure is needed. In doing so,... Read More
Can SEC and Initiative peacefully co-exist?
Recently, I was asked if the SEC and the Transparency Label Initiative™ can peacefully co-exist or will the SEC want to regulate... Read More
Economists and financial stability
As a result of the recent financial crisis, attention has been focused on the need for financial stability. To address this need,... Read More
Dodd-Frank Act used so Federal Reserve becomes national insurance regulator
For those of you who may have missed it, the Federal Reserve is using the Financial Stability Oversight Council portion of the... Read More
Overhauling financial supervisory framework
Paul Volcker spelled out the need for reforming our financial supervisory framework. Talking about the need to reorganize and consolidate the financial... Read More
Regulators worry about how to regulate shadow banking
One of the reasons our financial system is not designed to be dependent on regulators to control systemic risk is the sheer... Read More
Regulatory supervision of financial benchmarks insufficient
Reuters reports EU lawmakers have backed new rules to stop bankers rigging financial market benchmarks. In an effort to boost confidence in... Read More
How best to address financial cycles
In a recent quarterly review, the Bank for International settlements observed: How best to address financial cycles is a broader policy question... Read More
Martin Wolf debunks myth we avoided a second Great Depression
One of the myths that global policymakers and financial regulators have tried to spread is their response to the 2007/2008 financial crisis... Read More
Gaming the stress tests
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The Fed released the results of its annual stress tests and the question was why were JPMorgan and Goldman so close to... Read More
Stress tests create moral hazard
One of the signature regulatory innovations to emerge since the financial crisis began in August 2007 is the annual stress test. Conventional... Read More